Tuesday, August 14, 2018 1:55:53 PM
And someone was right about them getting an extension to meet regulatory status:
"Avoid the taint that is associated with stocks that trade near or below $0.01 per share . We believe that many investors including those seeking to speculate in companies in our current and planned business may believe that trading near or below $0.01 per share creates a taint and makes it susceptible to stock promotions. By effecting the Reverse Split, we hope to move out of that possibility. Our common stock closing price during the week ended August 3, 2018 ranged from $0.0037 to $0.0047 per share. Because we have traded below $0.01 for an extended period, OTC Group Markets which operates the OTCQB recently gave the Company an extension of time to September 21, 2018, to cure the $0.01 bid price deficiency. If our common stock does not have a closing bid price of at least $0.01 for 10 consecutive business days, our common stock will be traded on the Pink Open Market operated by OTC Markets Group. Because we do not expect we will get an extension and due to possible delays with FINRA, we cannot assure our shareholders that we will continue to trade on the OTCQB."
But with the cautionary verbiage throw in the end this could go either way.
Recent RCAT News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:35:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/09/2024 08:34:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 01:47:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/08/2024 09:31:10 PM
- Red Cat Launches Robotics and Autonomous Systems Consortium to Bridge Critical UAS Technology Gaps for Warfighters • GlobeNewswire Inc. • 05/07/2024 11:00:00 AM
- Red Cat Successfully Passes Field Testing with Doodle Labs Against Electronic Warfare Technology in Ukraine • GlobeNewswire Inc. • 04/25/2024 01:56:57 PM
- Red Cat Announces Agreement with Sentien Robotics UAS Hive for Land, Air and Sea Drone Swarming Operations • GlobeNewswire Inc. • 04/18/2024 10:33:00 AM
- Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions • GlobeNewswire Inc. • 04/09/2024 12:01:12 PM
- Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions • GlobeNewswire Inc. • 04/08/2024 12:15:00 PM
- Red Cat Announces $2.5 Million in Contract Awards for Two NATO Allied Countries • GlobeNewswire Inc. • 03/26/2024 02:30:00 PM
- Red Cat Holdings Reports Financial Results for Fiscal Third Quarter 2024 and Provides Corporate Update • GlobeNewswire Inc. • 03/18/2024 08:01:00 PM
- Retired Four-Star Army General Paul Edward Funk II Joins Red Cat’s Board of Directors • GlobeNewswire Inc. • 03/15/2024 02:28:54 PM
- Red Cat Holdings to Report Fiscal Third Quarter 2024 Financial Results and Provide Corporate Update on Monday, March 18, 2024 • GlobeNewswire Inc. • 03/14/2024 09:10:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 12:13:10 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 03/01/2024 06:04:53 PM
- Red Cat Partners with Primordial Labs to Integrate AI-Driven Voice Control Technology into its Platform • GlobeNewswire Inc. • 02/28/2024 01:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 01:58:57 AM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 02/23/2024 01:57:36 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 09:22:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 10:20:27 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 07:44:26 PM
- Red Cat Reports Preliminary Record Revenue 16% Above Guidance for Third Quarter of Fiscal 2024 and Increases Guidance for Fourth Quarter 2024 • GlobeNewswire Inc. • 02/14/2024 07:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/07/2024 11:55:18 PM
- Red Cat Continues Global Expansion Efforts with Introduction to Middle East Market • GlobeNewswire Inc. • 02/02/2024 01:15:00 PM
- Red Cat Integrates Advanced AI Capabilities into Next-Generation Drone System for the U.S. Army’s Short Range Reconnaissance Program • GlobeNewswire Inc. • 01/23/2024 01:00:00 PM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM